Pacer Advisors Inc. Acquires 541,140 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pacer Advisors Inc. boosted its stake in Toll Brothers, Inc. (NYSE:TOL) by 34.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,095,673 shares of the construction company’s stock after acquiring an additional 541,140 shares during the period. Pacer Advisors Inc. owned 2.04% of Toll Brothers worth $241,380,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EMG Holdings L.P. bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $2,880,000. Intech Investment Management LLC raised its stake in Toll Brothers by 152.4% in the second quarter. Intech Investment Management LLC now owns 18,966 shares of the construction company’s stock worth $2,185,000 after buying an additional 11,452 shares in the last quarter. MQS Management LLC purchased a new stake in Toll Brothers in the second quarter worth about $719,000. XTX Topco Ltd bought a new stake in Toll Brothers during the 2nd quarter valued at approximately $2,346,000. Finally, Gardner Lewis Asset Management L P grew its holdings in shares of Toll Brothers by 23.5% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 51,389 shares of the construction company’s stock worth $5,919,000 after acquiring an additional 9,770 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TOL. The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and raised their target price for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Oppenheimer upped their target price on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Argus lifted their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Toll Brothers Trading Down 1.8 %

Shares of NYSE:TOL opened at $150.42 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $154.62. The company has a market cap of $15.19 billion, a P/E ratio of 10.27, a PEG ratio of 1.23 and a beta of 1.67. The stock’s fifty day moving average price is $137.63 and its 200-day moving average price is $126.51.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers, Inc. will post 13.31 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Toll Brothers’s dividend payout ratio is presently 6.28%.

Insider Activity

In related news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.